Economic development

Economic development is a term that economists, politicians,
and others have used frequently in the 20th century. The concept, however, has
been in existence in the West for centuries. Modernization,Westernization, and especially Industrialization are other terms people have used while discussing economic development. Economic development has a direct relationship with the environment and environmental issues.

Whereas economic development is a policy intervention endeavor with aims of economic and social well-being of people, economic growth is a phenomenon of market productivity and rise in GDP. Consequently, as economist Amartya Sen points out, "economic growth is one aspect of the process of economic development".

Type

The scope of economic development includes the process and policies by which a nation improves the economic, political, and social well-being of its people.

Revival (Ukraine)

Revival (Ukrainian:«Відродження», the name can also be translated as Renaissance) is a political party in Ukraine established in June 2004 by Heorhiy Kirpa. In December of the same year Kirpa died from a gun wound (officially suicide). The party never gained parliamentary seats in national elections.

Since 5 June 2015, when Revival (formerly Economic Development until 6 March 2015), a non-party faction in Parliament, merged with the party, it has 22 of 450 seats in Parliament.